Global Gas Service Stations Industry
The global gas service station industry is expected to generate more than $2 trillion in 2015, representing 23% expansion in five years, reports MarketLine. Fuel value represents the leading segment within the world service station market, generating close to 90% of industry revenue. The EU holds more then 40% of the global service station industry in terms of value.
The industry is characterized by intense competition, mostly waged on a price basis. Large supermarket chains and oil companies, such as Shell and BP, hold large market shares. Gas service stations sell diesel and gasoline fuel, and are generally combined with food marts or convenience stores that offer other services like car cleaning or automotive repair services.